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Class 12 Accountancy Reconstitution - Admission of a Partner New Profit Sharing RatioEasy

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What should be checked first while calculating the new profit sharing ratio?

Answer and explanation

Correct answer: New partner's share and source of sacrifice

First know how much share the new partner gets and from whom it comes. This keeps the calculation in the right direction.

Related tags

Admission New-Profit-Sharing-Ratio Class-12 New Profit Sharing Ratio Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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